It is Important for Advisors to Understand Social Security

David Giertz has more than thirty years of experience working as a financial advisor. Giertz is a registered broker with FINRA and since 1999 he has been working with a company that is known as Nationwide Investment Services Corporation. He has had the honor of being the Senior Vice President for the Nationwide Financial Distribution as well as for Sales of Nationwide Life Insurance.

Before Mr. Giertz started working at Nationwide, he worked with an investment company known as Citicorp Investment. He also worked for Financial Horizons Security Corporation. David Giertz received his broker accreditation from State Securities Law Exam as well as two others that are known as General Industry & Products Exam and Principle/Supervisory Exam.

It was found in a survey that Nationwide Financial Institute held, that consisted of consumers who are retired or ten years from retirement, that most people are willing to admit that their advisors aren’t talking to them about social security. It is very important to do this because four out of five people admitted that they would even change their advisor if that advisor would talk to them about social security on So from a retention perspective, it is incredibly important that advisors are talking about social security.

Social security has 2700 rules which makes it hard to comprehend, making it a very complex issue mentioned on It is important for advisors to not only understand how social security works to be able to talk about it, but to also have confidence with it. Advisors really need to take interest because clients will move on. Social security at could be up to 40% of the client’s income and also those who turn on social security too early could lose up to $300,000 over 25 years, so this is why it’s very important that an advisor is able to properly tell a client what is best in their scenario.